Permitted Debt

Permitted Debt. The following: (a) Debt that is outstanding on the Closing Date and disclosed in the Reports; (b) Non-convertible Debt consisting of revolving working capital credit facilities obtained from commercial lending institutions on commercially reasonable terms and secured only by the Company's and/or its Subsidiaries' accounts receivable and/or inventory; or (c) Debt consisting of capitalized lease obligations and purchase money... indebtedness incurred in connection with acquisition of capital assets and obligations under sale-leaseback or similar arrangements provided in each case that such obligations are not secured by Liens on any assets of the Company or its Subsidiaries other than the assets so leased. View More

Permitted Debt. (iv) purchase money mortgage loans borrowed in connection with the acquisition of land, the outstanding principal amount of which, in the aggregate at any time, is not greater than $50,000,000, except to the extent that a higher aggregate principal amount of purchase money mortgage loans has been approved by Requisite Lenders; provided, in any event, that Agent shall have determined in good faith (which determination shall be subject to the same limitations and qualifications contained in the... last paragraph of Section 7.1) that the covenants of Borrower, if any, contained in any purchase money loan document are (when taken together as a whole) no more restrictive than the covenants contained in Articles VI, VII and VIII hereof. View More

Permitted Debt. Any of the following: (1) accrued expenses and current trade payables incurred in the ordinary course of business of the Brightstar Parties (provided, that such accrued expenses and current trade accounts payable are unsecured); (2) Debt to Motorola or any of the Motorola Parties; (3) Debt under the PNC Credit Agreement (provided, that the aggregate outstanding principal amount of such Debt does not exceed $70,000,000 at any time); (4) Debt under the Notes; (5) unsecured Debt under lines of... credit with one or more U.S. financial institutions (provided, that the aggregate outstanding principal amount of such debt does not exceed $50,000,000 at any time during the six month period following the date of this Agreement and does not exceed $30,000,000 at any time thereafter); (6) unsecured Debt under lines of credit with one or more foreign financial institutions (provided, that the aggregate outstanding principal amount of such debt does not exceed $10,000,000 at any time); and (7) other Debt approved in advance by Motorola in writing. View More

Permitted Debt. Means (a) the indebtedness evidenced by the Debentures, (b) the indebtedness, liabilities or other obligations incurred by the Company in connection with those certain Supply Agreements and Factoring Agreements, dated as of October 17, 2012, by and among the Company, BOLDFACE Licensing + Branding and Star Funding, Inc., (as amended, modified, supplemented or restated from time to time), (c) the Indebtedness existing on the Original Issue Date and set forth on Schedule 3.1(aa) attached to the... Purchase Agreement, (d) lease obligations and purchase money indebtedness of up to $100,000, in the aggregate, incurred in connection with the acquisition of capital assets and lease obligations with respect to newly acquired or leased assets and (e) up to $250,000 of indebtedness that (i) is expressly subordinate to the Debentures pursuant to a written subordination agreement with the Purchasers that is acceptable to each Purchaser in its sole and absolute discretion and (ii) matures on a date later than the 91st day following the Maturity Date. View More

Permitted Debt. With respect to the Company and each of its direct and indirect Subsidiaries, any of (i) the Obligations, (ii) trade accounts payable incurred in the ordinary course which are due no later than 90 calendar days after invoice, (iii) other current liabilities incurred in the ordinary course of business and not incurred through the borrowing of money or the obtaining of credit, (iv) obligations under long-term real property leases incurred in the ordinary course of business, (v) short-term lease... obligations or indebtedness incurred to finance the cost of tangible personal property (which was acquired after the date hereof) in an amount that does not exceed an aggregate of $10,000 during any twelve month period, (vi) Debt in respect of taxes or other governmental charges which is not yet due or which is being contested in good faith by appropriate proceedings, and (vii) Debt in connection with the Capital Note. View More

Permitted Debt. Debt (a) existing or arising under this Note and any refinancing thereof; (b) ordinary trade payables, consistent with past practice; (c) existing as of the date of this Note, except as required to be extinguished by the terms hereof (such debt existing immediately after the issuance of this Note and after giving effect to the payment of Debt as required hereunder being referred to as the "Remaining Debt"); (d) which may be deemed to exist with respect to swap contracts; (e) owed in respect of... any netting services, overdrafts and related liabilities arising from treasury, depository and cash management services in connection with any automated clearinghouse transfers of funds; and (f) unsecured insurance premiums owing in the ordinary course of business View More

Permitted Debt. Permitted Second Lien Notes, Permitted Senior Notes, the Purchaser Note, any Debt incurred in reliance on Section 9.02(n) or Section 9.02(o) and any Permitted Refinancing Debt thereof

Permitted Debt. Debt (a) existing or arising under this Note and any refinancing thereof; and (b) accounts payable and accrued expenses, liabilities or other obligations from time to time incurred in the ordinary course of business

Permitted Debt. (a) Debt existing or arising under this Note and any refinancing thereof, (b) Debt existing as of the date of this Note and set out in the Company Financials as of [July 31, 2020], and (c) other Debt expressly permitted by the Merger Agreement.